European stocks edged lower on Tuesday after a strong four day rally,
with investors unsure whether Greece would be able to get the support
of its parliament behind a bailout deal designed to avert bankruptcy.
Just
hours after signing up to an austerity package in return for agreeing
to talks on an €86bn bailout, doubts were already emerging about whether
Greek Prime Minister Alexis Tsipras would be able to hold his
government together.
The pan-European FTSEurofirst 300 index was down 0.1% at 1 570.77 by 09:08, having risen 1.9% in the previous session as markets welcomed the initial deal.
The eurozone's Euro STOXX 50 index was down 0.2% after hitting a two-week high on Monday. It has gained about 9% since last Tuesday's close.
Top faller on the FTSEurofirst 300 was RWE , after the German utility firm was cut to "sell" from "neutral" by UBS.
The pan-European FTSEurofirst 300 index was down 0.1% at 1 570.77 by 09:08, having risen 1.9% in the previous session as markets welcomed the initial deal.
The eurozone's Euro STOXX 50 index was down 0.2% after hitting a two-week high on Monday. It has gained about 9% since last Tuesday's close.
Top faller on the FTSEurofirst 300 was RWE , after the German utility firm was cut to "sell" from "neutral" by UBS.
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